What is the car loan process for purchasing an RX8 2.0T STD (AWD) in the UAE?

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and receiving approval before finalizing the purchase.

Will taking a car loan for the RX8 2.0T STD (AWD) affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your credit score, but missed payments can have a negative impact.

What should I pay attention to when applying for a car loan for the RX8 2.0T STD (AWD)?

Pay attention to the interest rates, loan terms, fees, and whether the loan is secured or unsecured. Ensure you understand the repayment schedule and any penalties for late payments.

What factors influence the loan interest rates for the RX8 2.0T STD (AWD) in the UAE?

Factors that influence loan interest rates include your credit score, the term of the loan, prevailing market conditions, and the lender's policies.

What documents are required to apply for a car loan for the RX8 2.0T STD (AWD)?

Typically, you will need to provide proof of identity, proof of income, bank statements, and details of the vehicle you wish to purchase.

CarteaCar Loan Calculator

RX8 2.0T STD (AWD) Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 6,605

Down Payment

AED 19,600

Total Cost

AED 98,860

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,605	AED 72,655
2	AED 6,605	AED 66,050
3	AED 6,605	AED 59,445
4	AED 6,605	AED 52,840
5	AED 6,605	AED 46,235
6	AED 6,605	AED 39,630
7	AED 6,605	AED 33,025
8	AED 6,605	AED 26,420
9	AED 6,605	AED 19,815
10	AED 6,605	AED 13,210
11	AED 6,605	AED 6,605
12	AED 6,605	AED 0

Monthly Payment Composition

Interest: 72

Principal: 6533

RX8 2.0T STD (AWD) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and receiving approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your credit score, but missed payments can have a negative impact.
Pay attention to the interest rates, loan terms, fees, and whether the loan is secured or unsecured. Ensure you understand the repayment schedule and any penalties for late payments.
Factors that influence loan interest rates include your credit score, the term of the loan, prevailing market conditions, and the lender's policies.
Typically, you will need to provide proof of identity, proof of income, bank statements, and details of the vehicle you wish to purchase.